Post drought cattle prices are inherently volatile. This is especially so for young cattle. This week we saw the Eastern Young Cattle Indicator (EYCI) yo yo bounce back up in the first full week of trading for three. The forecast rain seems to have come to...
Pluviophile – A lover of rain; someone who finds joy and peace of mind during rainy days. The rain has teased in recent months, however this week it has delivered to many in need – and the market has reacted. After months of dry weather we...
The quantity of bales offered for sale this week was sizeable due to accumulation over the Easter recess period. However, that didn’t lead to softened demand. AWEX reported that brokers are talking about sharp declines in shearing activity and this has done well to ignite...
The forwards market has been quiet again the last fortnight. We had the Easter break last week, so that’s not unusual, but we had just as few agreements this week as then. Last week, one trade was dealt for 21 Micron wool, agreeing on a price...
Over a couple of weeks of supply disruptions, lamb and sheep markets have largely been treading water. There have, however, been some interesting moves in the Merino lamb category, if not in the prime lamb space. Lamb slaughter rates plummeted last week as Good Friday took...